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TORONTO, July 17 /CNW/ - IA Clarington Investments Inc.
("IA Clarington"), on behalf of Clarington Diversified Income + Growth Fund
(TSX: DIF.UN) and Focused 40 Income Fund (TSX: FIF.UN), is pleased to announce
that distributions will be paid on August 15, 2008 to unitholders of record at
the close of business on July 31, 2008. The Clarington Diversified Income +
Growth Fund will pay $0.0583 per unit and the Focused 40 Income Fund will pay
$0.0625 per unit, both unchanged from the previous month.
The Clarington Diversified Income + Growth Fund is intended to preserve
and grow capital and deliver an attractive level of income by investing in a
widely diversified portfolio of income trusts, high-yield bonds,
investment-grade bonds, and growth-oriented and dividend-paying equities.
The Focused 40 Income Fund was created to provide investors with monthly
cash distributions through broad exposure to some of the largest and most
liquid income trusts in Canada. This Fund invests in an approximately
equal-weighted diversified portfolio of the 40 large-cap income trusts that
the investment advisor believes will provide a more favourable total return
than the universe of large-cap income trusts as a whole.
Distributions paid by each fund will vary with the performance of the
underlying portfolio and may change over time. Distributions may include a
return of capital.
For further information please contact us at 1-888-860-9888 or visit our
website: www.iaclarington.com.
About IA Clarington Investments Inc.
IA Clarington managed approximately $7.8 billion in mutual fund and
closed-end fund assets as at June 30, 2008. IA Clarington maintains offices in
Toronto, Calgary, Vancouver, Montreal and Quebec City.